Arqit Quantum Inc. (NASDAQ:ARQQW – Get Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 5,443 shares, a decline of 66.3% from the May 14th total of 16,133 shares. Based on an average daily volume of 71,999 shares, the short-interest ratio is currently 0.1 days.
Arqit Quantum Stock Down 23.8%
Shares of NASDAQ ARQQW traded down $0.02 during trading hours on Friday, reaching $0.05. The stock had a trading volume of 127,655 shares, compared to its average volume of 40,993. The business’s fifty day moving average price is $0.09 and its two-hundred day moving average price is $0.16. Arqit Quantum has a 52-week low of $0.03 and a 52-week high of $1.95.
Arqit Quantum Company Profile
Arqit Quantum Inc is a London-based cybersecurity company specializing in quantum-secure encryption solutions designed to protect sensitive data and communications. The company’s flagship offering, QuantumCloud™, delivers one-time-pad-level security by generating and distributing encryption keys via a constellation of satellites and ground-based infrastructure. This approach enables enterprises, government agencies and critical infrastructure operators to secure data transmissions against both current and future threats posed by quantum computing.
Founded in 2017, Arqit has leveraged partnerships with space launch providers and cryptographic research institutions to develop a scalable global network of quantum key distribution (QKD) services.
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